It takes brass balls to go long into these high percentage gaps. Your first clue is no one major is selling it down. Most likely we trade sideways a squirt higher in the last hour.
I just bought a teeeeny tiny bit of EWZ. Mr. Turtle mentioned it in another thread and its down big today and has been going down for a long time. Nice divvies. So I'm going to average a bit into it over the next year or two. But yea, going long the Naz when its up like 6% is gutsy as hell!!!
What is your objective in buying EWZ. The price is in a down trend, down 35% from all time high. Dividend is decent but not growing and has been cut from time to time.
Meh, just to get some Brazil and anti-dollar exposure. I only bought 50 shares, when I say I am going to DCA into it over the long haul I mean the LONG and slow haul haha.
Exit strategy is death. Average into a greatly depressed security (due both to Brazil being on the shit list currently and all currencies other than the U.S. dollar apparently being on the shit list currently as well), hope to get long-term capital appreciation and the divvies. Die, and obtain free step-up in the basis of the security.
SSO here because of Ma.. cho... Madness! Weekly MACD crossing center line = buy. Keep it simple, keep it dumb.
God DAMNIT. Even EWZ is up now, like over 3%. Everything I touch literally turns to gold. I wanted it to drop more so I could DCA into some better prices.